{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"KZYX News","title":"PG&E asks to transfer Potter Valley Project license to subsidiary","html":"","width":"100%","height":180,"duration":390,"description":"December 29, 2022 — The license for the Potter Valley Project is undergoing a variety of considerations.\r\n\r\nAs PG&E prepares its plan for decommissioning the inter-basin hydropower project that diverts water from the Eel River into the Russian River, the Federal Energy Regulatory Commission, or FERC, announced that it is considering reopening the license. That means that, although it granted PG&E an annual license in April, it’s thinking about adding requirements for a number of wildlife protection and habitat monitoring measures that were proposed in March by the National Marine Fisheries Service, another federal regulatory agency. PG&E argues that the decommissioning process will provide plenty of opportunity to review protective measures, and that there’s no evidence of harm to embattled salmon. But FERC appears to have taken notice of legal threats by environmental groups claiming the project violates the Endangered Species Act.\r\n\r\nFERC has accepted comments for and against the proposed reopening of the license, and PG&E has pledged to submit its decommissioning documents by January of 2025. By that time, the project may technically be under new ownership.\r\n\r\nThis month, PG&E asked FERC to allow it to transfer a list of hydropower projects to a new Delaware-based LLC called Pacific Generation, writing that the transfers “are part of a broader corporate reorganization being undertaken to facilitate raising equity for PG&E’s utility needs.” PG&E spokesman Paul Moreno noted in an email that, “Nothing will change for Potter Valley or the decommission process. Pacific Generation LLC will be a majority-owned subsidiary of PG&E, which will own other PG&E hydropower facilities as well as natural gas power plants and some solar arrays and battery storage. It was not created just for (the) Potter Valley Project.” \r\nPG&E assured FERC that it plans to “remain the majority and controlling owner of Pacific Generation;” and that its employees “will continue to operate...","thumbnail_url":"https://img.transistorcdn.com/xZpAumwbhFUpJUYcwaQ1-q6snzOyqAm13l7cW6AWPCM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mMzkz/NjAwNjc2OWMyZmFk/YWY2YTdmYjI5M2Mz/YWMxNy5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}